PANews reported on June 21 that the missile exchanges between Israel and Iran continued over the past week. However, following Trump's announcement on Friday to delay the decision to strike Iran, along with Fed Governor Waller's support for a rate cut in July, U.S. stocks opened higher. Subsequently, they fell due to declines in chip stocks, with the S&P 500 down 0.22%, the Nasdaq down 0.51%, while the Dow managed to close slightly higher, supported by a more than 2% rise in Apple. Here are the key points the market will focus on in the new week:
On Monday at 1:15, 2027 FOMC voting member and San Francisco Fed President Daly will participate in a panel discussion on monetary policy insights at the 100th Annual Meeting of the Western Economic Association International;
On Monday at 22:00, Fed Governor Bowman will speak on monetary policy and the banking sector;
On Tuesday at 1:10, 2025 FOMC voting member and Chicago Fed President Evans will participate in the Q&A session of the (Milwaukee Business Journal) 2025 Mid-Year Outlook meeting;
On Tuesday at 2:30, Fed Governor Quarles and FOMC permanent voting member and New York Fed President Williams will host the 'Fed Listens' event;
On Tuesday at 21:15, 2026 FOMC voting member and Cleveland Fed President Harker will speak on monetary policy;
On Tuesday at 22:00, Fed Chair Powell will testify on the semiannual monetary policy report before the House Financial Services Committee;
On Wednesday at 0:30, FOMC permanent voting member and New York Fed President Williams will speak;
On Wednesday at 22:00, Fed Chair Powell will present testimony on the semiannual monetary policy report before the Senate Committee;
On Thursday at 20:30, the number of initial unemployment claims in the U.S. for the week ending June 21, the final value of U.S. first-quarter real GDP annualized quarter-on-quarter, the final value of real personal consumption expenditures quarter-on-quarter, the final value of core PCE price index annualized quarter-on-quarter, and the month-on-month change in U.S. durable goods orders;
On Friday at 19:30, FOMC permanent voting member and New York Fed President Williams will chair the meeting at the 24th International Bank for Settlements annual conference;
On Friday at 20:30, the U.S. Core PCE Price Index Year-on-Year, Personal Spending Month-on-Month, and Core PCE Price Index Month-on-Month;
On Friday at 21:15, 2026 FOMC voting member and Cleveland Fed President Harker and Fed Governor Lisa Cook will attend the 'Fed Listens' event.
In the coming week, headlines surrounding the Israel-Iran conflict will continue to dominate market trends. Additionally, a series of policymakers led by Fed Chair Powell will emerge following the interest rate decision, potentially releasing more insights regarding the rate cut path. Under the ongoing criticism from Trump, the independence of the Fed will again be in the spotlight. Regarding economic data, figures including the U.S. PCE and Eurozone PMI will reveal the impact of Trump's tariff war.
